BlackRock Core Bond Trust
BHK
46 hedge funds and large institutions have $52.3M invested in BlackRock Core Bond Trust in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 8 closing their positions.
15% more capital invested
Capital invested by funds: $45.6M → $52.3M (+$6.71M)
2.11% more ownership
Funds ownership: 11.3% → 13.41% (+2.1%)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
6% less funds holding
Funds holding: 49 → 46 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.34M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.28M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.36M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$976K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$922K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$897K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$720K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$662K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$605K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJFSA
51
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$662K | -50,390 | Closed |
|
52
Geode Capital Management
Boston,
Massachusetts
| – | -$367K | -27,956 | Closed |
|
53
Jane Street
New York
| – | -$218K | -16,582 | Closed |
|
54
First Trust Advisors
Wheaton,
Illinois
| – | -$167K | -12,675 | Closed |
|
|
FANJ
55
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$59K | -4,500 | Closed |
|
56
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$11K | -858 | Closed |
|
BHK Hedge Fund Activity: Q3 2013 in Review
46 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q3 2013, worth a combined $52.3M — up 15% from $45.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BHK and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 16 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.34M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.6M sold.
- 46 institutional investors held BlackRock Core Bond Trust (BHK) as of Q3 2013, down from 49 in Q2 2013.
- Funds reported $52.3M of BlackRock Core Bond Trust stock for Q3 2013, up 15% quarter-over-quarter.
- 5 funds opened new BlackRock Core Bond Trust positions in Q3 2013 and 8 closed out, a net change of -3 holders.
- The largest BlackRock Core Bond Trust buyer in Q3 2013 was Karpus Investment Management, an estimated $4.34M added.
- The largest BlackRock Core Bond Trust seller in Q3 2013 was Shaker Financial Services, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2013.